CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Asian Equity Market Handover: Bearish Reality Sets In

A summary of the stock market trends & highlights from today's Asian mid-session.

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Stock market snapshot as of [23/5/2019 0633 GMT]

Asian stock markets have started to face the grim reality that the on-going trade tensions between U.S. and China are likely to persist in the near to medium-term despite a positive overnight news flow that highlighted a speech from U.S. Treasury Secretary Mnuchin that Trump and Xi may meet at the end of June on the side-lines of the G20 meeting.

All highlighted Asian benchmark stock indices are in the red as seen in today’s Asian mid-session after 3-days of rebound/consolidation that has taken place since Monday, 20 May. In addition, the USD/CNH (offshore Yuan) has continued to inch upwards above its 6.9160 key short-term support and look to retest the minor range resistance of 6.9490 in place since 20 May. A further up move in USD/CNH tends to support a risk-off scenario for stocks.

European stock indices CFD futures are trading in the red as well where the FTST 100 and German DAX has recorded losses of -0.57% and -0.70% respectively.

Corporate Highlights (U.K.)

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*Data from Refinitiv. Index names may not reflect tradable instruments and not all markets are available in all regions.

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